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Listed by Aaron Dixon • Berkshire Hathaway HomeServices PenFed Realty
$1,600,000
Est. payment /mo
10.75 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Rifkin Village
MLS Listing ID MDCM2007390
HOA Y/N N
Annual Tax Amount $89
Tax Year 2025
Lot Size 10.751 Acres
Acres 10.75
Property Sub-Type Land
Source BRIGHT
Property Description
Ready for Development! 42 lots within the Town limits of Federalsburg, Maryland. Total lot space as currently platted is 468,326 sq ft or 10.75 acres, according to public records. Total property area including the unbuilt road space is roughly 13 acres. Right-of-ways to the property are currently platted from Liberty Rd, Bernard Ave, and the Federalsburg Bypass. 855 ft of frontage on the Federalsburg Bypass. Water and sewer available on Bernard Ave. The space could fit approximately 40 single family homes on conforming lots if the property is replatted to a more efficient layout and road design. Per their Comprehensive Plan, the Town is open to replatting the property. Estimated Gross Development Value (GDV) for 40 homes is $12,000,000. Listing Agent is also the owner of the property. Property to be conveyed as-is. Buyer to perform due diligence and verify all information. 43 Lots pictured in image because one lot is a double lot. Property ID in listing is only for the first lot. List of all property IDs attached.
Location
State MD
County Caroline
Zoning R1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Caroline County Public Schools
Others
Tax ID 0605030161
Ownership Fee Simple
Special Listing Condition Standard
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John Martinich
Broker Associate | License ID: VA-0225221526
Broker Associate License ID: VA-0225221526